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January 8, 2016
Westlake Chemical Partners (Westlake Partners; Houston) has approved plans to expand ethylene capacity at Calvert City, KY, by 70 million lbs/year (31,751 m.t./year). It expects to complete the project during the first half of 2017....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylbenzene/Westlake-to-expand-ethylene-at-Calvert-City_76306.html
January 7, 2016
Cosmo Energy Holdings (Tokyo) will boost its stake in Maruzen Petrochemical, aiming to increase earnings amid cratering oil product prices, according to a company filing with the Japan...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Cosmo-Energy-to-become-majority-shareholder-in-Maruzen-Petrochemical_76225.html
January 7, 2016
Researchers at Tokyo Institute of Technology have successfully demonstrated a gene-regulation strategy for enhancing ammonia production in the cyanobacterium Anabaena, the institute...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Japanese-researchers-demonstrate-gene-regulation-can-boost-ammonia-production_76218.html
January 6, 2016
US aromatics continued to see downward pressure from falling energy prices as near-month crude futures on Wednesday fell to an 11-year low. The decline was mostly due to continued...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-aromatics-face-downward-pressure-from-energy-as-crude-hits-11-year-low_76216.html
January 6, 2016
BP has agreed to sell its aromatics complex in Decatur, AL, to Indorama Ventures (Bangkok). Financial details of the transaction have not been disclosed. The complex can produce 1...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/BP-sells-Alabama-PTA-site-to-Indorama-Ventures_76199.html
January 6, 2016
Styrene prices have climbed in Asia during the last couple of weeks on the back of a bullish pricing rally in the Chinese domestic market at the tail-end of 2015. Despite a lack of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Asia-styrene-prices-continue-to-climb_76196.html
January 5, 2016
Europe's styrene barge contract for January settled Tuesday at €975/m.t. ($1,048) fob Amsterdam-Rotterdam-Antwerp, down €20/m.t. from the December 2015 settlement. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Europe-January-styrene-barge-contract-down-&euro20m-t-_76174.html
January 5, 2016
IHS Chemical estimates that at least 170,000 m.t. of benzene were shipped from South Korea to the United States during December 2015, including 20,000–30,000 m.t. of delayed...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Record-benzene-exports-from-South-Korea-to-US-in-December_76171.html
January 4, 2016
The US January benzene contract was confirmed on Monday to have settled at $2.12 per gallon, effective 1 January, a decline of 18 cts/gal from December and the first monthly decline in three months....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-January-benzene-contract-down-from-December_76160.html
January 25, 2016
South Korea is “encouraging” its petrochemical industry to reduce production capacity voluntarily as part of a broader initiative to restructure industrial production in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/South-Korean-government-encouraging-restructuring-of-petrochemical-industry_76128.html
December 30, 2015
African Potash (London) says it has acquired the main fertilizer trading activities of Beryl Holdings (Johannesburg). Beryl Holdings has transferred the activities, consisting of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/African-Potash-acquires-fertilizer-trader_76126.html
December 30, 2015
An initial January benzene contract in Europe has settled at  $641/m.t. cif Amsterdam-Rotterdam-Antwerp, up $2 and down €19/m.t. against December. Discussions took...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Initial-settlement-for-Europes-January-benzene-contract-up-$2-down-&euro19m-t-_76115.html
December 30, 2015
Aberdeen International (Toronto), a resource investment firm and merchant bank, has closed a share-purchase agreement with Rodinia Lithium (Toronto) to purchase all of the shares of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Aberdeen-International-acquires-potash-lithium-brine-project-in-Argentina_76114.html
December 30, 2015
Methanex says that on 27 December it started producing methanol from its newly completed 1-million m.t./year Geismar 2 plant at Geismar, LA. The plant has bene relocated from the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-starts-up-second-relocated-methanol-plant-at-Geismar_76108.html
December 29, 2015
Current indications from the benzene spot market point to a very small decrease in Europe's contract price for January in dollar terms—larger in euros because the euro-dollar...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Benzene-spot-prices-jump-in-Europe-ahead-of-January-contract-settlement_76097.html
December 29, 2015
China's import volumes of styrene and para-xylene (p-xylene) rebounded in November, according to statistics for Chinese imports obtained by IHS Chemical. November data show that...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/China-styrene-p-xylene-imports-rebound_76094.html
December 29, 2015
Gensource Potash (Saskatoon, SK) has closed a previously announced, nonbrokered private placement financing. Through selling more than 7.57 million non-flow-through (HD) units at 0.07...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Independent-potash-producer-closes-nonbrokered-private-placement_76089.html
December 29, 2015
Dow Chemical announced on Wednesday that it has finalized the transaction to sell its ownership interest in MEGlobal (Dubai) to Equate Petrochemical Co. and has received $1.5 billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/Dow-finalizes-sale-of-MEGlobal-to-Equate_76061.html
December 29, 2015
Sirius Minerals (London), a potash development company, announced on Thursday that it has signed a major take-or-pay offtake agreement in China with Huaken International for purchasing...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-Minerals-signs-take-or-pay-potash-offtake-agreement-with-Chinese-firm_76060.html
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